Karnataka Bank is one of the leading bank offering financial solutions to more than 8.2 million customers through a vast network of more than 700 branches all over India. Out of many financial products of the bank, savings account is also a product through which you can save your hard-earned money. To open the account all you need is your KYC documents. Further, the bank will process your account opening request.

To know the eligibility, documents required & interest rates refer to the information given below. Also, Choose from a wide variety of savings account product.

Eligibility

Any resident individual can open a savings account with Karnataka Bank. Other eligibility will be dependant upon the type of savings account preferred by the customer.

Basic Documents Required to Open Account

ID & Address Proof

PAN Card

Voter ID card

Aadhaar Card/E- Aadhaar letter issued by Government of India

Job card issued by NREGA duly signed by an officer of the State Government

Identity card issued by central / state government, public sector undertaking, any scheduled commercial bank or any public financial institution for their employees is also accepted.

Other documents may be required depending upon the type of savings account and eligibility.

Free 25 cheques leaves per calendar year is offered to the account holder along with internet & mobile banking facility. Customer can transfer fund free of cost within the bank.

Account profitability facility is also available which means that customer can transfer the account from one branch to another branch retaining same account number.

KBL Salary Privilege

No minimum balance is required for this account. Fund transfers are free of cost with internet/mobile banking facility. Free monthly e-statements and cheque books are provided to the customer. If you are a salaried employee then this account is especially made for you.

‘Vanitha’ is a tailor-made account for women, where women can save there money and independently manage their wealth. Any female above the age of 18 years is eligible to open this account. Free “All Risk” insurance cover for Jewellery covering loss due to snatching while travelling, theft while in hotel stay, burglary while at home for ₹ 50,000/- exclusively to the first named woman of the SB account is provided by the bank.

Joint accounts can be opened with females only.

KBL Tarun

A ‘No Minimum Balance’ account for the students aged between 18 to 25 years. Demand draft are issued free of cost for the purpose of exam, prospectus & tuition fees.

Free fund transfer up to ₹50,000/- per month from parent’s Account to the student’s account can be done.

All the other benefits are same as a basic savings account of Karnataka Bank.

KBL Kishore

This account is for school students with no minimum balance requirement. Free debit card is available with “per day” cash withdrawal limit of ₹ 10,000/- and online transaction/purchase limit of ₹ 5000/-. free transfer of funds can be done up to ₹ 50,000/- per month from parent’s account to this particular account. Free Demand Drafts for the purpose of exam fee, prospectus fee, tuition fee etc. Also, Free Mobile App with mPassBook facility available.

Monthly Average Balance of ₹ 10,000 is a must to maintain. Free demand drafts of ₹ 50,000/- can purchased at any branch. Cheque collection facility is available with enhanced free limits.

SB MONEY RUBY

This account required monthly average balance of ₹ 1,00,000/-. Free personal accident cover of ₹ 10,00,000/- is given to the first account holder. Free 30 inter bank fund transfers per month from any branch through RTGS/ NEFT can be done. Safe locker facility, Demat account, life insurance, e-tax payment services are exclusively provided to the customer.

Account profitability facility available.

SB MONEY PLATINUM

Monthly average balance fixed for this account is ₹ 3 lakhs. Personal accident cover of ₹ 10,00,000/- with free Anywhere Cash deposit and cash withdrawal at any branch is offered by the bank. Free unlimited demand draft for any amount can be availed by any branch.

Small Account

If you someone who wants to save with a less amount then you can open this account. The maximum balance in this account cannot exceed ₹ 50,000/- and total credit cannot exceed ₹ 1 Lakh in a financial year. Also, The aggregate of all withdrawals and transfers in a month to not to exceed ₹10,000/-.

Withdrawals can be only done through withdrawal slips and nomination facility is available as per rules. Cheque book facility can be availed by the account holder.

Sugama – BSBD

It is a no-frill account i.e an account which will cater its service to the vast population of the country. Any individual can open this account. Maximum 4 cash withdrawals can be done in a month with passbook, nomination, cheque book & ATM/Debit card facility.

Multi branch banking & immediate credit of outstation cheque are the services which will NOT be provided to the account holder.